Cost accounting records both monetary and units

  • Which cost accounting records both monetary and ____ unit?

    Cost accounting records the transactions on monetary value as well as physical quantity.
    As the cost is ascertain for each product or job, it involves recording of physical units also.
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  • A cost accounting system helps determine how much the production of a good or service will cost.
    There are two types of systems: job order costing and process costing.
  • A unit cost is a total expenditure incurred by a company to produce, store, and sell one unit of a particular product or service.
    Unit costs are synonymous with cost of goods sold (COGS).
    This accounting measure includes all of the fixed and variable costs associated with the production of a good or service.
Cost accounting records the transactions on monetary value as well as physical quantity. As the cost is ascertain for each product or job, it involves recording 

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